Brown & Brown, Inc. $BRO Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its position in Brown & Brown, Inc. (NYSE:BRO) by 79.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,990 shares of the financial services provider’s stock after selling 11,308 shares during the quarter. SG Americas Securities LLC’s holdings in Brown & Brown were worth $280,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Darwin Wealth Management LLC purchased a new stake in Brown & Brown during the 2nd quarter worth approximately $30,000. Motco acquired a new position in shares of Brown & Brown in the second quarter worth $32,000. TD Private Client Wealth LLC increased its position in shares of Brown & Brown by 39.3% during the second quarter. TD Private Client Wealth LLC now owns 436 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 123 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Brown & Brown in the second quarter valued at $49,000. Finally, Horizon Bancorp Inc. IN purchased a new position in Brown & Brown in the second quarter valued at $50,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

Wall Street Analyst Weigh In

BRO has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Brown & Brown in a research report on Monday, December 29th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Brown & Brown in a report on Tuesday, December 30th. Morgan Stanley decreased their price target on shares of Brown & Brown from $95.00 to $85.00 and set an “equal weight” rating for the company in a research note on Monday, November 17th. Wells Fargo & Company dropped their price objective on shares of Brown & Brown from $92.00 to $84.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 13th. Finally, Mizuho set a $89.00 price objective on shares of Brown & Brown and gave the stock a “neutral” rating in a research report on Monday, December 15th. Four analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $98.13.

Trending Headlines about Brown & Brown

Here are the key news stories impacting Brown & Brown this week:

• Positive Sentiment: Adjusted earnings and operating performance: Brown & Brown reported Diluted Net Income Per Share — Adjusted of $0.93 (up YoY) and higher EBITDAC / adjusted margins, which beat some expectations and supports the company’s operating story. Zacks: Q4 Earnings Beat
• Positive Sentiment: Strong top‑line (acquisition‑driven) growth: Total revenues rose ~35.7% YoY to about $1.6B, driven largely by acquisitions (Accession/RSC) which materially increased scale and fee income. Press Release
• Neutral Sentiment: Earnings call/transcript available — management reiterated growth from acquisitions but signaled margin pressure and integration items; read the call highlights and transcript for management tone and any forward comments. TipRanks: Call Highlights
• Neutral Sentiment: Investor commentary/valuation views: Some value‑oriented writeups see a deeper discount after the pullback, noting long‑term strengths in the brokerage model. Seeking Alpha
• Neutral Sentiment: Company news: the firm announced the passing of its Chief Legal Officer — a human resources / governance item investors will note but is not a primary driver of the price move. Press Release
• Negative Sentiment: Revenue shortfall vs. Street: Reported revenue (~$1.61B) came in below several consensus estimates (~$1.65–1.67B), prompting the immediate market reaction and headlines that shares fell on a revenue miss. MarketWatch
• Negative Sentiment: Weak organic growth and GAAP EPS compression: Organic revenue declined ~2.8% in Q4 and GAAP diluted EPS fell to $0.59 (year‑over‑year decline), which raises concern about core‑business momentum absent acquisitions. Quiver / Press Summary
• Negative Sentiment: Higher leverage and integration costs: The Accession acquisition added goodwill, intangibles and long‑term debt; investors are weighing integration costs, acquisition earn‑outs and higher interest expense. Reuters
• Negative Sentiment: Analyst reactions: Banks trimmed targets/ratings (Barclays lowered to $82 / equal‑weight; Bank of America cut target to $90 / neutral), which adds near‑term selling pressure. Benzinga: Analyst Moves

Brown & Brown Stock Down 6.9%

Shares of NYSE:BRO opened at $74.09 on Wednesday. The firm has a 50 day simple moving average of $79.74 and a 200-day simple moving average of $87.88. Brown & Brown, Inc. has a twelve month low of $73.10 and a twelve month high of $125.68. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $25.30 billion, a PE ratio of 23.15, a P/E/G ratio of 1.86 and a beta of 0.81.

Brown & Brown (NYSE:BRO) last posted its earnings results on Monday, January 26th. The financial services provider reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. Brown & Brown had a net margin of 17.84% and a return on equity of 13.65%. The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period last year, the firm posted $0.86 EPS. The company’s revenue was up 35.7% on a year-over-year basis. On average, equities analysts predict that Brown & Brown, Inc. will post 4.18 EPS for the current fiscal year.

Brown & Brown Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 11th. Stockholders of record on Wednesday, February 4th will be given a dividend of $0.165 per share. The ex-dividend date is Wednesday, February 4th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.9%. Brown & Brown’s payout ratio is 19.76%.

About Brown & Brown

Brown & Brown, Inc (NYSE: BRO) is a professional insurance brokerage and risk advisory firm that provides a broad range of property and casualty, employee benefits, personal risk, and specialty insurance products. The company works with commercial, public sector and individual clients to design and place insurance programs, manage claims and loss control, and deliver risk management consulting. Its services also include wholesale brokerage, program administration and other specialty distribution solutions that connect carriers and intermediaries to niche markets.

Brown & Brown operates through a decentralized model of operating units and subsidiaries, enabling local client service with the scale to access national and specialty markets.